The document discusses the evolving digital payments industry in India. It notes that digital payments are expected to reach $500 billion by 2020, accounting for 15% of GDP. Customer demand is driving companies to offer instant, one-touch payment solutions. The government's JAM Trinity initiative of Jan Dhan, Aadhaar, and mobile phones holds the key to transforming financial inclusion in India. Technology is projected to make payments simpler with merchant networks growing 10x by 2020 and driving consumption. Digital identity will help accelerate customer acquisition.
The document discusses the present and future of mobile commerce in India. It provides an overview of the history and evolution of mobile commerce, its key features and uses across various sectors. The document notes that while mobile commerce is growing rapidly in India due to partnerships between mobile operators, banks and payment providers, there remains opportunities around ensuring low transaction costs, usability and generating positive returns on investments. Overall, the document concludes that mobile commerce can benefit developing economies by reducing the need to carry cash and enabling financial services like loans in communities.
Direct carrier billing (DCB) has witnessed significant traction. Initially, the concept was introduced to make purchasing ringtones and wallpapers more convenient. Direct carrier billing is being used for a variety of functions, ranging from purchasing air tickets to paying parking fees.
This document summarizes incentives for digital payments in India. It discusses discounts offered by government organizations and public sector companies for paying digitally, including:
- A 0.75% discount on fuel purchases using digital payments.
- A 0.5% discount on some railway tickets purchased using digital payments.
- Free accidental insurance of up to 10 lakhs for online railway ticket purchases.
- Discounts of up to 10% on insurance premiums and 8% on new life insurance policies if purchased through digital customer portals.
- No service tax on digital transaction fees up to Rs. 2000.
- A 10% discount on toll payments using RFID cards on national highways in
With close to 950 million mobile phone subscribers, telecom operators wield an enviable base of customers to whom ancillary and unrelated services can be marketed. Billing is a perennial issue in a market riddled with security concerns, lack of payment alternatives, low credit card penetration, etc. Given this situation, Direct Carrier Billing seems to come as a viable and trust-worthy alternative. It is for telecom operators to examine this option assess its viability and implement it.
Studying Customer Behaviour by Creating Buyer PersonaseTailing India
Under this partnership, Mswipe will merge PayU's existing offline POS division team into its existing operations and workforce expanding its network to 2,20,000 terminals, across over 550 cities with a combined team strength of 2,000 plus employees.
Also, this association will help both the brands to acquire new merchants and gain wider acceptance across categories as a payment option, a joint statement said.
National payment corporation of india launched offline transaction through ussdMukesh Ray
NPCI introduced a new offline UPI USSD transaction system. internet one of the major factor to do transactions, but internet connectivity to particular areas make it more difficult for the users. small traders got effected due to internet issues. NPCI launched this programe to increase revenue .
The document discusses the evolving digital payments industry in India. It notes that digital payments are expected to reach $500 billion by 2020, accounting for 15% of GDP. Customer demand is driving companies to offer instant, one-touch payment solutions. The government's JAM Trinity initiative of Jan Dhan, Aadhaar, and mobile phones holds the key to transforming financial inclusion in India. Technology is projected to make payments simpler with merchant networks growing 10x by 2020 and driving consumption. Digital identity will help accelerate customer acquisition.
The document discusses the present and future of mobile commerce in India. It provides an overview of the history and evolution of mobile commerce, its key features and uses across various sectors. The document notes that while mobile commerce is growing rapidly in India due to partnerships between mobile operators, banks and payment providers, there remains opportunities around ensuring low transaction costs, usability and generating positive returns on investments. Overall, the document concludes that mobile commerce can benefit developing economies by reducing the need to carry cash and enabling financial services like loans in communities.
Direct carrier billing (DCB) has witnessed significant traction. Initially, the concept was introduced to make purchasing ringtones and wallpapers more convenient. Direct carrier billing is being used for a variety of functions, ranging from purchasing air tickets to paying parking fees.
This document summarizes incentives for digital payments in India. It discusses discounts offered by government organizations and public sector companies for paying digitally, including:
- A 0.75% discount on fuel purchases using digital payments.
- A 0.5% discount on some railway tickets purchased using digital payments.
- Free accidental insurance of up to 10 lakhs for online railway ticket purchases.
- Discounts of up to 10% on insurance premiums and 8% on new life insurance policies if purchased through digital customer portals.
- No service tax on digital transaction fees up to Rs. 2000.
- A 10% discount on toll payments using RFID cards on national highways in
With close to 950 million mobile phone subscribers, telecom operators wield an enviable base of customers to whom ancillary and unrelated services can be marketed. Billing is a perennial issue in a market riddled with security concerns, lack of payment alternatives, low credit card penetration, etc. Given this situation, Direct Carrier Billing seems to come as a viable and trust-worthy alternative. It is for telecom operators to examine this option assess its viability and implement it.
Studying Customer Behaviour by Creating Buyer PersonaseTailing India
Under this partnership, Mswipe will merge PayU's existing offline POS division team into its existing operations and workforce expanding its network to 2,20,000 terminals, across over 550 cities with a combined team strength of 2,000 plus employees.
Also, this association will help both the brands to acquire new merchants and gain wider acceptance across categories as a payment option, a joint statement said.
National payment corporation of india launched offline transaction through ussdMukesh Ray
NPCI introduced a new offline UPI USSD transaction system. internet one of the major factor to do transactions, but internet connectivity to particular areas make it more difficult for the users. small traders got effected due to internet issues. NPCI launched this programe to increase revenue .
Mswipe Joins Hand with PayU to Bolster POS OperationseTailing India
Mswipe Technologies Private Limited, India’s largest independent point of sale (POS) merchant acquirer and network provider, and PayU, India’s leading internet payment service provider have collaborated for digital payments.
This document discusses the growth of e-commerce in rural India. It notes that e-commerce giants are starting to tap into the large rural market opportunity, as internet penetration increases in rural areas due to growing smartphone usage. Key factors driving rural e-commerce growth include increasing mobile internet access, customized features added by e-commerce companies like cash-on-delivery, use of local languages online, and growing cashless payment options. The government and private sector have also taken initiatives like Bharat Net and Digital India to improve rural broadband access and digitization, further fueling rural e-commerce growth. Overall, the rural e-commerce market has strong potential to reach $10-12 billion in size over the next four years
Describing about digital payment in Indonesia and encourage all player how to execute digital payment and consumer how to use digital payment - by Heru Sutadi
Go digital by Ratika Chawla, KCMT, Bareilly (2017,Feb 11)Ratika Chawla
This document discusses digitalization in India and the various digital payment methods available. It outlines nine pillars of Digital India including broadband infrastructure, universal connectivity, and e-governance. Modes of digital payment discussed include bank cards, USSD-based mobile banking, UPI, Aadhaar Enabled Payment System, and e-wallets. The advantages of these digital methods are that they allow cashless transactions for bills, recharges, tickets, and purchases nearly anywhere. Security measures are also highlighted such as registering with banks and keeping PINs private.
This document discusses the problems faced by e-commerce in rural areas of India from a supply chain perspective. Some of the key reasons for low supply include poor last-mile connectivity, lack of warehouses and inventory, and a cumbersome taxation system. On the demand side, issues include language barriers, lack of perception of e-commerce, and poor internet connectivity. One successful model is StoreKing, which uses kiosks equipped with tablets and monitors in villages across South India, delivering over 100,000 orders per month. Recommendations include employing village retailers as agents and making websites available in regional languages. Government initiatives like Digital India aim to increase internet access and simplify taxation through GST.
Mobile payment has transformed the financial services in two different ways. They complement the banking system and they also disrupted the traditional way of banking in India
Indian model of financial inclusion: Will Mobile Payments lead the future?TechvibesKnowledgeCenter
The document discusses India's model of financial inclusion and examines whether mobile payments can lead future efforts. It summarizes India's bank-led model which focused on expanding access to banking services in rural areas through agents called Business Correspondents. While this model was effective in expanding access, many accounts remain unused. The document argues that leveraging India's growing mobile infrastructure through technologies like mobile payments could help address limitations and drive financial inclusion going forward. Key challenges to adopting mobile payments include expanding rural connectivity and increasing customer familiarity with digital financial services.
The document summarizes information about the BHIM app, which was launched in December 2016 by the National Payments Corporation of India to facilitate e-payments directly through banks and simplify cashless transactions. BHIM allows users to send and request money, scan and pay for purchases, and view transactions. It has over 16 million downloads and supports multiple Indian languages. The app provides a secure way to transact between bank accounts but has limitations like daily transaction limits and no dedicated customer support.
Peer-to-peer payments services are improving how people pay each other by providing digital alternatives to traditional methods like cash, checks, and bank transfers. The global P2P payments market exceeds $1 trillion annually and mobile P2P payments are growing, replacing conventional ways of transferring funds. Popular uses of P2P payments include splitting bills, paying rent or tuition, reimbursing others, and sending gifts. While banks face risks if they don't adopt these services, P2P payments also present opportunities to engage more customers digitally and support financial inclusion. Major industry developments in India include the growth of mobile wallets, emerging payment banks, and P2P services from leaders like State Bank of India.
Mobile Money in Indonesia: Landscape and Developments, 2015Jeffrey BAHAR
The document discusses the development of mobile wallet markets in Indonesia from 2006 to 2015. It describes how the mobile money ecosystem includes providers, instruments, and regulators. It notes that e-money transactions grew from 2.6 million in 2008 to 203.4 million in 2014. Early mobile money services used physical cards but have increasingly moved to mobile apps. The regulations categorize e-money as registered or unregistered depending on user identity verification. Mobile money now supports various payment and transfer services.
FinTech refers to new technological methods used for financial purposes that significantly improve or develop processes, products, or business models. Examples include mobile payment apps, contactless technology, personal finance apps, peer-to-peer lending, crowdfunding, and foreign currency platforms. Key skills for FinTech jobs include knowledge of programming languages like Java and Python, problem solving abilities given the evolving nature of the industry, innovation to stay ahead of changes, data analysis of large datasets, and project management. As banking models change due to digital transformation, the financial services industry over the next 5-10 years will see many new providers and services that will benefit consumers through competition focused on innovation and customer experience.
This document discusses the scope of mobile payments in 2017. It notes that mobile payment innovations began in the Philippines and have since spread globally to both emerging and developed markets. The scope of mobile payments is widening and supporting various technologies. Factors that will affect the success of mobile payment operators include engaging customers, aligning competencies, and making strategic investments. Looking ahead to 2017, mobile wallets are expected to grow in popularity, the on-demand economy will rise in importance, and Bluetooth technology will play a larger role in mobile payments.
The role of mobile payment technologies in era of demonitizationMahindra Comviva
Demonetization, gave fuel to mobile ecosystems. Mobile payments were the savior in the time when citizens found themselves paralyzed without any cash in hand and
ATMs ran without cash.
This document summarizes the findings of a survey and complaints received by the Myanmar Consumers Union regarding e-commerce. It shows that while consumers recognize some advantages of e-commerce, many have also experienced direct problems like not receiving goods after payment. Common issues involved ordering from overseas websites and being unable to get refunds once the sites disappeared. Mobile payments also led to instances of funds being withdrawn without authorization. The document concludes that while Myanmar has consumer protection laws, many consumers remain unaware of their rights and how to seek dispute resolution. It raises the need for an e-commerce law or regulations regarding cyber security.
Mr. Narendra Modi launched the BHIM app in December 2017 as a revolutionary digital payment platform. BHIM, which stands for Bharat Interface for Money, allows for fast, secure, and reliable cashless payments through mobile phones. It connects directly to users' bank accounts through UPI and allows for money transfers of up to Rs. 20,000 per day. BHIM has advantages over other payment apps as it can be used without internet by dialing *99# and does not charge fees for transactions. However, it currently only supports Android devices and some state bank cards have issues generating UPI PINs.
Traditional Banks, Credit Unions Compete Against Digital-Only BanksFlavia_McCain
The entire banking industry continues to shift to digital channels. This poses more threats to the dominant traditional banks and credit unions. As technology improves, banks providers expect a new breed of solutions that beat the conventional model through innovative products and services to suit the liking of digitally-savvy consumers.
This document discusses digital payment systems in India. It begins by defining digital payment as a cashless payment method using digital modes by both the payer and payee, without physical cash. It then outlines various types of digital payments like mobile wallets, UPI, internet banking. The literature review discusses previous research on factors influencing adoption of digital payments in India, like convenience and security concerns. The objectives and methodology of the author's own research are described, which was a survey of 150 individuals in Siliguri on their digital payment usage, preferred modes, and concerns. The findings show most use digital payments for convenience, preferred modes are mobile wallets, and main concerns are fraud and connectivity issues. Suggestions include improving security
Digital payment systems market research report | Report SellersResearch Report
Indian payments industry is largely dominated by cash-based transactions. The banking industry in the country was majorly branch-based till 2014. Later, there was a considerable growth in the branch-less channels of banking, which has further explored into digital payments in both rural and urban regions. Indian digital payments industry is expected to reach $700 billion by 2022 in terms of value of transactions.
For more details, please visit: https://www.reportsellers.com/market-research-report/Digital-Payment-Systems-Market
THE TRENDS OF INDIAN RETAIL BANKING SECTOR IN 2018VARUN KESAVAN
The Indian FinTech scene comes with an added extra; new initiatives by the government to boost financial inclusion and promote a cashless society have opened windows of opportunities for FinTech companies where first mover advantages are tremendous. As a result of the government’s initiatives, there has been a sharp increase in consumer adoption of FinTech. EY, one of the big four consulting firms, in their FinTech Adoption Index for 2017 states that 52% of India’s digitally active consumers are adopting FinTech; a figure that is only second to China’s 69% which is the global highest.
Mswipe Joins Hand with PayU to Bolster POS OperationseTailing India
Mswipe Technologies Private Limited, India’s largest independent point of sale (POS) merchant acquirer and network provider, and PayU, India’s leading internet payment service provider have collaborated for digital payments.
This document discusses the growth of e-commerce in rural India. It notes that e-commerce giants are starting to tap into the large rural market opportunity, as internet penetration increases in rural areas due to growing smartphone usage. Key factors driving rural e-commerce growth include increasing mobile internet access, customized features added by e-commerce companies like cash-on-delivery, use of local languages online, and growing cashless payment options. The government and private sector have also taken initiatives like Bharat Net and Digital India to improve rural broadband access and digitization, further fueling rural e-commerce growth. Overall, the rural e-commerce market has strong potential to reach $10-12 billion in size over the next four years
Describing about digital payment in Indonesia and encourage all player how to execute digital payment and consumer how to use digital payment - by Heru Sutadi
Go digital by Ratika Chawla, KCMT, Bareilly (2017,Feb 11)Ratika Chawla
This document discusses digitalization in India and the various digital payment methods available. It outlines nine pillars of Digital India including broadband infrastructure, universal connectivity, and e-governance. Modes of digital payment discussed include bank cards, USSD-based mobile banking, UPI, Aadhaar Enabled Payment System, and e-wallets. The advantages of these digital methods are that they allow cashless transactions for bills, recharges, tickets, and purchases nearly anywhere. Security measures are also highlighted such as registering with banks and keeping PINs private.
This document discusses the problems faced by e-commerce in rural areas of India from a supply chain perspective. Some of the key reasons for low supply include poor last-mile connectivity, lack of warehouses and inventory, and a cumbersome taxation system. On the demand side, issues include language barriers, lack of perception of e-commerce, and poor internet connectivity. One successful model is StoreKing, which uses kiosks equipped with tablets and monitors in villages across South India, delivering over 100,000 orders per month. Recommendations include employing village retailers as agents and making websites available in regional languages. Government initiatives like Digital India aim to increase internet access and simplify taxation through GST.
Mobile payment has transformed the financial services in two different ways. They complement the banking system and they also disrupted the traditional way of banking in India
Indian model of financial inclusion: Will Mobile Payments lead the future?TechvibesKnowledgeCenter
The document discusses India's model of financial inclusion and examines whether mobile payments can lead future efforts. It summarizes India's bank-led model which focused on expanding access to banking services in rural areas through agents called Business Correspondents. While this model was effective in expanding access, many accounts remain unused. The document argues that leveraging India's growing mobile infrastructure through technologies like mobile payments could help address limitations and drive financial inclusion going forward. Key challenges to adopting mobile payments include expanding rural connectivity and increasing customer familiarity with digital financial services.
The document summarizes information about the BHIM app, which was launched in December 2016 by the National Payments Corporation of India to facilitate e-payments directly through banks and simplify cashless transactions. BHIM allows users to send and request money, scan and pay for purchases, and view transactions. It has over 16 million downloads and supports multiple Indian languages. The app provides a secure way to transact between bank accounts but has limitations like daily transaction limits and no dedicated customer support.
Peer-to-peer payments services are improving how people pay each other by providing digital alternatives to traditional methods like cash, checks, and bank transfers. The global P2P payments market exceeds $1 trillion annually and mobile P2P payments are growing, replacing conventional ways of transferring funds. Popular uses of P2P payments include splitting bills, paying rent or tuition, reimbursing others, and sending gifts. While banks face risks if they don't adopt these services, P2P payments also present opportunities to engage more customers digitally and support financial inclusion. Major industry developments in India include the growth of mobile wallets, emerging payment banks, and P2P services from leaders like State Bank of India.
Mobile Money in Indonesia: Landscape and Developments, 2015Jeffrey BAHAR
The document discusses the development of mobile wallet markets in Indonesia from 2006 to 2015. It describes how the mobile money ecosystem includes providers, instruments, and regulators. It notes that e-money transactions grew from 2.6 million in 2008 to 203.4 million in 2014. Early mobile money services used physical cards but have increasingly moved to mobile apps. The regulations categorize e-money as registered or unregistered depending on user identity verification. Mobile money now supports various payment and transfer services.
FinTech refers to new technological methods used for financial purposes that significantly improve or develop processes, products, or business models. Examples include mobile payment apps, contactless technology, personal finance apps, peer-to-peer lending, crowdfunding, and foreign currency platforms. Key skills for FinTech jobs include knowledge of programming languages like Java and Python, problem solving abilities given the evolving nature of the industry, innovation to stay ahead of changes, data analysis of large datasets, and project management. As banking models change due to digital transformation, the financial services industry over the next 5-10 years will see many new providers and services that will benefit consumers through competition focused on innovation and customer experience.
This document discusses the scope of mobile payments in 2017. It notes that mobile payment innovations began in the Philippines and have since spread globally to both emerging and developed markets. The scope of mobile payments is widening and supporting various technologies. Factors that will affect the success of mobile payment operators include engaging customers, aligning competencies, and making strategic investments. Looking ahead to 2017, mobile wallets are expected to grow in popularity, the on-demand economy will rise in importance, and Bluetooth technology will play a larger role in mobile payments.
The role of mobile payment technologies in era of demonitizationMahindra Comviva
Demonetization, gave fuel to mobile ecosystems. Mobile payments were the savior in the time when citizens found themselves paralyzed without any cash in hand and
ATMs ran without cash.
This document summarizes the findings of a survey and complaints received by the Myanmar Consumers Union regarding e-commerce. It shows that while consumers recognize some advantages of e-commerce, many have also experienced direct problems like not receiving goods after payment. Common issues involved ordering from overseas websites and being unable to get refunds once the sites disappeared. Mobile payments also led to instances of funds being withdrawn without authorization. The document concludes that while Myanmar has consumer protection laws, many consumers remain unaware of their rights and how to seek dispute resolution. It raises the need for an e-commerce law or regulations regarding cyber security.
Mr. Narendra Modi launched the BHIM app in December 2017 as a revolutionary digital payment platform. BHIM, which stands for Bharat Interface for Money, allows for fast, secure, and reliable cashless payments through mobile phones. It connects directly to users' bank accounts through UPI and allows for money transfers of up to Rs. 20,000 per day. BHIM has advantages over other payment apps as it can be used without internet by dialing *99# and does not charge fees for transactions. However, it currently only supports Android devices and some state bank cards have issues generating UPI PINs.
Traditional Banks, Credit Unions Compete Against Digital-Only BanksFlavia_McCain
The entire banking industry continues to shift to digital channels. This poses more threats to the dominant traditional banks and credit unions. As technology improves, banks providers expect a new breed of solutions that beat the conventional model through innovative products and services to suit the liking of digitally-savvy consumers.
This document discusses digital payment systems in India. It begins by defining digital payment as a cashless payment method using digital modes by both the payer and payee, without physical cash. It then outlines various types of digital payments like mobile wallets, UPI, internet banking. The literature review discusses previous research on factors influencing adoption of digital payments in India, like convenience and security concerns. The objectives and methodology of the author's own research are described, which was a survey of 150 individuals in Siliguri on their digital payment usage, preferred modes, and concerns. The findings show most use digital payments for convenience, preferred modes are mobile wallets, and main concerns are fraud and connectivity issues. Suggestions include improving security
Digital payment systems market research report | Report SellersResearch Report
Indian payments industry is largely dominated by cash-based transactions. The banking industry in the country was majorly branch-based till 2014. Later, there was a considerable growth in the branch-less channels of banking, which has further explored into digital payments in both rural and urban regions. Indian digital payments industry is expected to reach $700 billion by 2022 in terms of value of transactions.
For more details, please visit: https://www.reportsellers.com/market-research-report/Digital-Payment-Systems-Market
THE TRENDS OF INDIAN RETAIL BANKING SECTOR IN 2018VARUN KESAVAN
The Indian FinTech scene comes with an added extra; new initiatives by the government to boost financial inclusion and promote a cashless society have opened windows of opportunities for FinTech companies where first mover advantages are tremendous. As a result of the government’s initiatives, there has been a sharp increase in consumer adoption of FinTech. EY, one of the big four consulting firms, in their FinTech Adoption Index for 2017 states that 52% of India’s digitally active consumers are adopting FinTech; a figure that is only second to China’s 69% which is the global highest.
The goal of the demonetization move in India is to make the economy stronger and eliminate the parallel cash economy which is unaccounted and untaxed. While this can impact the GDP negatively in the short term, it should have positive long term consequences. For e-commerce companies, which already have a digital payments system in place, it should lead to higher online payment and eventually eliminate the painful cash on delivery option. However, in the short term, witness a decline in GMV from India as the economy adjusts to the “new normal”.
Digital Banking for PSU banks in IndiaRohan Bharaj
This documents highlights the importance of Digital banking for PSU banks in India. In this digitally enhanced age, it is of utmost importance for PSU banks to be up to date with the latest technology.
Recent initiatives of the government in financial inclusionMohit Jane
Recently there are too many steps taken to initiate the Financial Inclusion in India. Such steps helpful to inculcate every other single person via electronic means.
This document discusses fintech solutions in India. It begins by introducing fintech and noting India's increasing digitalization and personalized financial services. It then outlines the key pillars that support fintech solutions in India, including the roles of government, investors, startups, technology vendors, and financial institutions. Several technologies contributing to fintech are also examined, such as AI/ML, blockchain, RPA, and conversational banking. The document reviews India's history with digital payments and provides statistics on fintech investment trends. Finally, it gives examples of various Indian fintech companies.
This presentation talks about digital developments subsuming the banking sector across the globe. It also highlights the technological interventions that the banking sector must introduce to sustain in the long run.
This document provides an overview of mobile money services in India. It defines mobile money and describes its key characteristics, including using agents outside bank branches to deposit and withdraw funds and initiating transactions via mobile phones. Globally, there are 411 million mobile money accounts across 93 countries. The document outlines reasons for mobile money's potential success in India, including high mobile penetration, financial inclusion needs, and government initiatives. It lists some prominent Indian mobile wallet providers and payments banks. Finally, it discusses factors important for mobile money to succeed in India, such as digital and financial inclusion, awareness/education, regulatory reforms, and customer confidence.
Technology plays a crucial role in driving financial inclusion in India. Several disruptive technologies like big data analytics, APIs, and cloud computing have emerged that are synergistic with financial services. Mobile phones have also been hugely impactful, with over 65% of Indians under 35 being tech-savvy and comfortable using mobile payments. The government has also made large pushes for financial inclusion through programs like Jan Dhan Yojana, Aadhaar, and the JAM trinity, as well as initiatives like IndiaStack and the Unified Payments Interface. Finally, hundreds of fintech startups are leveraging these technologies and government programs to help plug gaps in financial inclusion and provide innovative solutions.
This document provides an overview of the key trends and opportunities in the Indian banking sector over the next decade. It summarizes that financial inclusion and infrastructure spending will be the two main growth drivers. Recent regulatory reforms around new banking licenses and savings rate deregulation are expected to increase competition. Innovation in payment systems, like real-time gross settlement (RTGS) and mobile wallets, will also be important for transforming banking. Lastly, banks will need to develop customized branchless banking models and reengineer branch roles to effectively serve customers across rural and urban areas.
The document discusses FinTech business models and the FinTech industry in India. It defines FinTech as using new technologies to improve financial services delivery and help customers manage their finances. Examples of global FinTech leaders include Visa, Mastercard, and Ant Financial. In India, major FinTech companies are Razorpay, Paytm, and Policybazaar. The document outlines trends in artificial intelligence, blockchain, robotic process automation, and biometric security that are shaping the FinTech industry. It also describes the large scope and growth potential of FinTech in India as well as challenges around data security, regulations, and customer acquisition and retention that FinTech companies face.
The document summarizes the results of a survey conducted by IDBI Bank on their mobile banking application called "Go-Mobile". The survey found that while most customers were aware of internet banking, less were aware of Go-Mobile. Of those using Go-Mobile, the most popular feature was funds transfer. Many customers who did not use Go-Mobile reported that it was because they were unfamiliar with how to use the app. The survey results suggest IDBI Bank should focus on increasing awareness of Go-Mobile functionality through tutorial videos and promoting popular features like funds transfer and mobile recharging.
Go To Market Strategy for Market Launching a new POS deviceSundar Raghavan
The intention of deck is to showcase the studies/findings conducted to launch a new smart POS terminal in the market – the distribution methods and pricing models. The deck assumes the smart POS terminal is already built and ready to launch.
There has been a sudden switch in the buying and selling pattern of the customers in all over India, which created the growth of e-commerce industry. This switch can also be noticed in the automobile industry. The online penetration of auto sector in the world market is approx. 0.7% in 2019. It was challenging for automobile ecommerce industry to make it successful in India, but eminent players of India have made it possible. To learn the possibilities and success of auto ecommerce industry go through this document.
The document discusses India's transition to a cashless economy through various digital payment methods and initiatives by the government and Reserve Bank of India. It outlines the key benefits of a cashless economy like convenience and security. However, challenges in rural areas include low internet penetration and financial literacy. Steps are being taken to promote digital payments for farmers and provide infrastructure in villages to encourage a cashless economy across India.
The digital payments landscape in India has evolved significantly in recent years due to improvements in technology and a push for cashless transactions. Notable developments include the introduction of the UPI system in 2016, which has grown enormously and now outpaces wallets. Various payment modes like UPI, wallets, cards and Bharat QR are regulated by entities like the RBI, NPCI and follow guidelines on KYC/AML. Digital payments are projected to reach $500B by 2020 and constitute 15% of India's GDP, indicating continued growth in online transactions.
India Payment Market, Size, Share, Growth, Key PlayersRenub Research
India Payment Market size is envisioned to attain US$ 8,137.3 Billion by 2028. The virtual fee panorama in India has passed through an enormous transformation, indicating the profound effect it will have on the populace. This shift signifies that a majority of Indians in 2022 belong to a technology that is tremendously talented or exposed to era. Tech-savvy generation has a greater reliance on superior, automated, quicker, and extra efficient technology and offerings. Consequently, there may be a rapid growth inside the demand for India payment marketplace within the coming years.
Demonetization effect on digital payments solutions in india by Balaji Prince Bala
The aim of the research is to identify the impact of demonetization in india on the digital payment platform.
This research helps to MBA students for their better understanding about the final year project format...i hope my research will help you.. thank you..
The document discusses the Unified Payments Interface (UPI), an instant real-time payment system developed by NPCI that allows money transfer between bank accounts. UPI combines multiple bank accounts into a single mobile application for easy fund transfers. It provides secure transactions without sharing private information. UPI usage in India has grown rapidly, surpassing $100 billion in transactions in October 2021. However, challenges remain in maintaining infrastructure costs and expanding financial inclusion in India.
The presentation involves about Fintech industry, the technologies involved, various UPI's, regulators of Fintech Industry in India and Payment Sytstem in India
The Strategic Impact of Storytelling in the Age of AI
In the grand tapestry of marketing, where algorithms analyze data and artificial intelligence predicts trends, one essential thread remains constant — the timeless art of storytelling. As we stand on the precipice of a new era driven by AI, join me in unraveling the narrative alchemy that transforms brands from mere entities into captivating tales that resonate across the digital landscape. In this exploration, we will discover how, in the face of advancing technology, the human touch of a well-crafted story becomes not just a marketing tool but the very essence that breathes life into brands and forges lasting connections with our audience.
Short video marketing has sweeped the nation and is the fastest way to build an online brand on social media in 2024. In this session you will learn:- What is short video marketing- Which platforms work best for your business- Content strategies that are on brand for your business- How to sell organically without paying for ads.
How to Use AI to Write a High-Quality Article that Ranksminatamang0021
In the world of content creation, many AI bloggers have drifted away from their original vision, resulting in low-quality articles that search engines overlook. Don't let that happen to you! Join us to discover how to leverage AI tools effectively to craft high-quality content that not only captures your audience's attention but also ranks well on search engines.
Disclaimer: Some of the prompts mentioned here are the examples of Matt Diggity. Please use it as reference and make your own custom prompts.
The digital marketing industry is changing faster than ever and those who don’t adapt with the times are losing market share. Where should marketers be focusing their efforts? What strategies are the experts seeing get the best results? Get up-to-speed with the latest industry insights, trends and predictions for the future in this panel discussion with some leading digital marketing experts.
In this presentation, Danny Leibrandt explains the impact of AI on SEO and what Google has been doing about it. Learn how to take your SEO game to the next level and win over Google with his new strategy anyone can use. Get actionable steps to rank your name, your business, and your clients on Google - the right way.
Key Takeaways:
1. Real content is king
2. Find ways to show EEAT
3. Repurpose across all platforms
From Hope to Despair The Top 10 Reasons Businesses Ditch SEO Tactics.pptxBoston SEO Services
From Hope to Despair: The Top 10 Reasons Businesses Ditch SEO Tactics
Are you tired of seeing your business's online visibility plummet from hope to despair? When it comes to SEO tactics, many businesses find themselves grappling with challenges that lead them to abandon their strategies altogether. In a digital landscape that's constantly evolving, staying on top of SEO best practices is crucial to maintaining a competitive edge.
In this blog, we delve deep into the top 10 reasons why businesses ditch SEO tactics, uncovering the pain points that may resonate with you:
1. Algorithm Changes: The ever-changing algorithms can leave businesses feeling like they're chasing a moving target. Search engines like Google frequently update their algorithms to improve user experience and provide more relevant search results. However, these updates can significantly impact your website's visibility and ranking if you're not prepared.
2. Lack of Results: Investing time and resources without seeing tangible results can be disheartening. The absence of immediate results often leads businesses to lose faith in their SEO strategies. It's important to remember that SEO is a long-term game that requires patience and consistent effort.
3. Technical Challenges: From site speed issues to complex metadata implementation, technical hurdles can be daunting. Overcoming these challenges is crucial for SEO success, as technical issues can hinder your website's performance and user experience.
4. Keyword Competition: Fierce competition for top keywords can make it hard to rank effectively. Businesses often struggle to find the right balance between targeting high-traffic keywords and finding less competitive, niche keywords that can still drive significant traffic.
5. Lack of Understanding of SEO Basics: Many businesses dive into the complex world of SEO without fully grasping the fundamental principles. This lack of understanding can lead to several issues:
Keyword Awareness: Failing to recognize the importance of keyword research and targeting the right keywords in content.
On-Page Optimization: Ignorance regarding crucial on-page elements such as meta tags, headers, and content structure.
Technical SEO Best Practices: Overlooking essential aspects like site speed, mobile responsiveness, and crawlability.
Backlinks: Not understanding the value of high-quality backlinks from reputable sources.
Analytics: Failing to track and analyze data prevents businesses from optimizing their SEO efforts effectively.
6. Unrealistic Expectations and Timeframe: Entrepreneurs often fall prey to the allure of quick fixes and overnight success. Unrealistic expectations can overshadow the reality of the time and effort needed to see tangible results in the highly competitive digital landscape. SEO is a long-term strategy, and setting realistic goals is crucial for success.
#SEO #DigitalMarketing #BusinessGrowth #OnlineVisibility #SEOChallenges #BostonSEO
This session will aim to comprehensively review the current state of artificial intelligence techniques for emotional recognition and their potential applications in optimizing digital advertising strategies. Key studies developing AI models for multimodal emotion recognition from videos, images, and neurophysiological signals were analyzed to build content for this session. The session delves deeper into the current challenges, opportunities to help realize the full benefits of emotion AI for personalized digital marketing.
In today's digital world, customers are just a click away. "Grow Your Business Online: Introduction to Digital Marketing" dives into the exciting world of digital marketing, equipping you with the tools and strategies to reach new audiences, expand your reach, and ultimately grow your business.
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What’s “In” and “Out” for ABM in 2024: Plays That Help You Grow and Ones to L...Demandbase
Delve into essential ABM ‘plays' that propel success while identifying and leaving behind tactics that no longer yield results. Led by ABM Experts, Jon Barcellos, Head of Solutions at Postal and Tom Keefe, Principal GTM Expert at Demandbase.
As the call for for skilled experts continues to develop, investing in quality education and education from a reputable https://www.safalta.com/online-digital-marketing/best-digital-marketing-institute-in-noida Digital advertising institute in Noida can lead to a a success career on this eve
In the digital age, businesses are inundated with tools promising to streamline operations, enhance creativity, and boost productivity. Yet, the true key to digital transformation lies not in the accumulation of tools but in strategically integrating the right AI solutions to revolutionize workflows. Join Jordache, an experienced entrepreneur, tech strategist and AI consultant, as he explores essential AI tools across three critical categories—Ideation, Creation, and Operations—that can reshape the way your business creates, operates, and scales.This talk will guide you through the practicalities of selecting and effectively using AI tools that go beyond the basics of today’s popular tools like ChatGPT, Claude, Gemini, Midjourney, or Dall-E. For each category of tools, Jordache will address three crucial questions: What is each tool? Why is each one valuable to you as a business leader? How can you start using it in your workflow? This approach will not only clarify the role of these tools but also highlight their strategic value, making it perfect for business leaders ready to make informed decisions about integrating AI into their workflows.
Key Takeaways:
>> Strategic Selection and Integration: Understand how to select AI tools that align with your business goals and how to conceptually integrate them into your workflows to enhance efficiency and innovation.
>> Understanding AI Tool Categories: Gain a deeper understanding of how AI tools can be leveraged in the areas of ideation, creation, and operation—transforming each aspect of your business.
>> Practical Starting Points: Learn how you can start using these tools in your business with practical tips on initial steps and integration ideas.
>> Future-Proofing Your Business: Discover how staying informed about and utilizing the latest AI tools and strategies can keep your business competitive in a rapidly evolving digital landscape.
Unlock the secrets to enhancing your digital presence with our masterclass on mastering online visibility. Learn actionable strategies to boost your brand, optimize your social media, and leverage SEO. Transform your online footprint into a powerful tool for growth and engagement.
Key Takeaways:
1. Effective techniques to increase your brand's visibility across various online platforms.
2. Strategies for optimizing social media profiles and content to maximize reach and engagement.
3. Insights into leveraging SEO best practices to improve search engine rankings and drive organic traffic.
When most people in the industry talk about online or digital reputation management, what they're really saying is Google search and PPC. And it's usually reactive, left dealing with the aftermath of negative information published somewhere online. That's outdated. It leaves executives, organizations and other high-profile individuals at a high risk of a digital reputation attack that spans channels and tactics. But the tools needed to safeguard against an attack are more cybersecurity-oriented than most marketing and communications professionals can manage. Business leaders Leaders grasp the importance; 83% of executives place reputation in their top five areas of risk, yet only 23% are confident in their ability to address it. To succeed in 2024 and beyond, you need to turn online reputation on its axis and think like an attacker.\
Key Takeaways:
- New framework for examining and safeguarding an online reputation
- Tools and techniques to keep you a step ahead
- Practical examples that demonstrate when to act, how to act and how to recover
Mastering Local SEO for Service Businesses in the AI Era is tailored specifically for local service providers like plumbers, dentists, and others seeking to dominate their local search landscape. This session delves into leveraging AI advancements to enhance your online visibility and search rankings through the Content Factory model, designed for creating high-impact, SEO-driven content. Discover the Dollar-a-Day advertising strategy, a cost-effective approach to boost your local SEO efforts and attract more customers with minimal investment. Gain practical insights on optimizing your online presence to meet the specific needs of local service seekers, ensuring your business not only appears but stands out in local searches. This concise, action-oriented workshop is your roadmap to navigating the complexities of digital marketing in the AI age, driving more leads, conversions, and ultimately, success for your local service business.
Key Takeaways:
Embrace AI for Local SEO: Learn to harness the power of AI technologies to optimize your website and content for local search. Understand the pivotal role AI plays in analyzing search trends and consumer behavior, enabling you to tailor your SEO strategies to meet the specific demands of your target local audience. Leverage the Content Factory Model: Discover the step-by-step process of creating SEO-optimized content at scale. This approach ensures a steady stream of high-quality content that engages local customers and boosts your search rankings. Get an action guide on implementing this model, complete with templates and scheduling strategies to maintain a consistent online presence. Maximize ROI with Dollar-a-Day Advertising: Dive into the cost-effective Dollar-a-Day advertising strategy that amplifies your visibility in local searches without breaking the bank. Learn how to strategically allocate your budget across platforms to target potential local customers effectively. The session includes an action guide on setting up, monitoring, and optimizing your ad campaigns to ensure maximum impact with minimal investment.
We will explore the transformative journey of American Bath Group as they transitioned from a traditional monolithic CMS to a dynamic, composable martech framework using Kontent.ai. Discover the strategic decisions, challenges, and key benefits realized through adopting a headless CMS approach. Learn how composable business models empower marketers with flexibility, speed, and integration capabilities, ultimately enhancing digital experiences and operational efficiency. This session is essential for marketers looking to understand the practical impacts and advantages of composable technology in today's digital landscape. Join us to gain valuable insights and actionable takeaways from a real-world implementation that redefines the boundaries of marketing technology.
7. You can have whatever you
need with just a few clicks:-
Mobile Recharge
Landline Bill Payments
Electricity Bill payments
Gas Bill Payments
DTH Recharge
OVERVIEW
9. Cut-throat competition
from other established
B2C retailers, as well as
foreign ones trying to
enter Indian market
17% Indians(220mn)
currently use
smartphones, with
numbers set to increase
in the next 15 years
21. Rural Indian yet to
see the light of
smart-phones
with fast internet
connections
22. Introducing “PayBuddy-Lite”:-
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